Alistair Milne, a prominent Bitcoin investor and a partner at the Atlanta Digital Currency Fund, has provided several compelling arguments as to why SegWit2x will not be able to replace Bitcoin and the legacy blockchain in the long-term.

In November, SegWit2x, a proposal created by the Digital Currency Group, and the majority of businesses and mining firms in the Bitcoin industry, is set to activate as a hard fork solution. Because of its contentious nature, SegWit2x will lead to the emergence of a separate blockchain network or a fork of Bitcoin, which major Bitcoin exchanges like Bitstamp will refer to as B2X.

Most Bitcoin exchanges and trading platforms such as Coinbase and Bitfinex that control the overwhelming majority of trading volumes in the global Bitcoin exchange market have revealed their strategies to maintain the “BTC” and “Bitcoin” monikers for the legacy chain and name the new SegWit2x fork as B2X. As the Bitfinex development team wrote:![Capture2.PNG](https://steemitimages.com/DQmShYfpJrijNNJ2yQxy6aVS3KQNHdn6UMyDPDQNveKSL8V/Capture2.PNG)